Primoris Services Corp PRIM

Industrials SIC 1623 - Water, Sewer, Pipeline, Comm & Power Line Construction NAICS Construction › Heavy and Civil Engineering Construction › Utility System Construction derived NYSE

Primoris Services Corporation ("Primoris", the "Company", "we", "us", or "our") is a leading provider of critical infrastructure services operating mainly in the United States and Canada. We provide a wide range of construction, maintenance, replacement, and engineering services to a diversified base of customers through our two segments: Utilities and Energy. The structure of our reportable segments is generally focused on broad end-user markets for our services.

We have longstanding customer relationships with solar facility developers, power producers, gas and electric utilities, refining, petrochemical, communications, midstream, downstream, and engineering companies, as well as transportation agencies across our core markets. We provide our services to a diversified base of customers, under a range of contracting options. A portion of our services are provided under Master Service Agreements ("MSA"), which are generally multi-year agreements. The remainder of our services are generated from contracts for specific construction or installation projects.

Last close 65.03 2026-10-23
Market cap $3.50B 2026-06-30 share count
52-week range 62.41 - 205.50

Valuation FY2025 figures against the last close

P/S0.5x
P/E13.0x
P/FCF10.3x
EV/EBITDA6.8x
Dividend yield0.5%
Diluted EPS5.02

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $7.57B$6.37B$5.72B$4.42B$3.50B$3.49B$3.11B$2.94B$2.38B$2.00B
Cost of revenue $6.76B$5.66B$5.13B$3.96B$3.08B$3.12B$2.78B$2.61B$2.10B$1.80B
Gross profit $813.1M$703.2M$587.5M$456.9M$416.7M$370.2M$330.9M$325.7M$278.4M$201.3M
SG&A $399.2M$383.3M$328.7M$281.6M$230.1M$202.8M$189.1M$182.0M$170.4M$140.0M
Operating income $411.5M$317.4M$253.1M$195.3M$170.2M$163.9M$140.9M$130.5M$106.3M$57.7M
Interest expense —————$20.3M$20.1M$18.7M$8.1M$8.9M
Pre-tax income $384.0M$254.9M$177.6M$159.3M$151.9M$145.6M$117.9M$113.4M$105.3M$48.9M
Income tax $109.1M$74.0M$51.5M$26.3M$36.1M$40.7M$33.8M$25.8M$28.4M$21.1M
Net income $274.9M$180.9M$126.1M$133.0M$115.7M$105.0M$82.3M$77.5M$72.4M$26.7M
EPS, basic 5.093.372.372.502.192.171.621.511.410.52
EPS, diluted 5.023.312.332.472.172.161.611.501.400.51
Shares, diluted (wtd. avg.) 54.8M54.6M54.2M53.8M53.2M48.6M51.1M51.7M51.7M52.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $535.5M$455.8M$217.8M$248.7M$200.5M$326.7M$120.3M$153.3M$170.4M$135.8M
Short-term investments —————————$0
Receivables $723.4M$834.4M$685.4M$663.1M$471.7M$432.5M$404.9M$372.7M$291.6M$388.0M
Inventory ————————$40.9M$49.2M
Total current assets $2.33B$2.16B$1.89B$1.70B$1.18B$1.12B$912.7M$924.4M$743.2M$731.1M
Property, plant and equipment $531.2M$488.2M$475.9M$493.9M$433.3M$356.2M$375.9M$375.9M$311.8M$277.3M
Goodwill $856.9M$856.9M$857.7M$871.8M$581.7M$215.1M$206.2M$206.2M$153.4M$127.2M
Other intangibles $190.2M$207.9M$227.6M$249.4M$171.3M$61.0M$69.8M$81.2M$44.8M$32.8M
Total assets $4.41B$4.20B$3.83B$3.54B$2.54B$1.97B$1.83B$1.59B$1.26B$1.17B
Accounts payable $744.3M$624.3M$629.0M$535.0M$273.5M$245.9M$236.0M$249.2M$140.9M$168.1M
Short-term debt $60.9M$74.6M$72.9M$78.1M$67.2M$47.7M$55.7M$62.5M$65.5M$58.2M
Total current liabilities $1.85B$1.67B$1.34B$1.14B$759.1M$764.4M$670.4M$621.8M$454.9M$449.9M
Long-term debt $409.0M$660.2M$885.4M$1.07B$594.2M$268.8M$295.6M$305.7M$193.4M$203.2M
Total liabilities $2.73B$2.79B$2.59B$2.44B$1.55B$1.25B$1.20B$987.2M$693.6M$672.0M
Retained earnings $1.39B$1.13B$961.0M$847.7M$727.4M$624.7M$531.3M$461.1M$396.0M$335.2M
Total equity $1.68B$1.41B$1.24B$1.11B$990.1M$714.8M$629.5M$607.0M$562.2M$498.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $470.4M$508.3M$198.5M$83.3M$79.7M$313.0M$118.9M$126.8M$188.9M$62.6M
Depreciation and amortisation $91.9M$95.5M$107.0M$99.2M$105.6M$82.5M$85.4M$79.2M$57.6M$61.4M
Stock-based compensation $20.6M$15.1M$11.8M$7.4M$10.5M$2.3M$1.6M$1.3M$1.1M$1.6M
Capital expenditure $129.9M$126.5M$103.0M$94.7M$133.8M$64.4M$94.5M$110.2M$79.8M$58.0M
Investing cash flow -$93.9M-$27.2M-$30.0M-$481.9M-$691.3M-$42.5M-$65.9M-$209.2M-$131.4M-$59.4M
Financing cash flow -$296.3M-$244.4M-$205.3M$452.0M$485.7M-$62.8M-$83.3M$63.9M-$22.9M-$28.5M
Dividends paid $17.3M$12.9M$12.8M$12.8M$12.6M$11.6M$12.2M$12.3M$11.3M$11.4M
Buybacks ———$6.0M$14.7M$11.5M—$20.0M$5.0M$5.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-018677.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B 8B Revenue, FY2016: 2B Gross profit, FY2016: 201.3M Net income, FY2016: 26.7M Revenue, FY2017: 2.4B Gross profit, FY2017: 278.4M Net income, FY2017: 72.4M Revenue, FY2018: 2.9B Gross profit, FY2018: 325.7M Net income, FY2018: 77.5M Revenue, FY2019: 3.1B Gross profit, FY2019: 330.9M Net income, FY2019: 82.3M Revenue, FY2020: 3.5B Gross profit, FY2020: 370.2M Net income, FY2020: 105M Revenue, FY2021: 3.5B Gross profit, FY2021: 416.7M Net income, FY2021: 115.7M Revenue, FY2022: 4.4B Gross profit, FY2022: 456.9M Net income, FY2022: 133M Revenue, FY2023: 5.7B Gross profit, FY2023: 587.5M Net income, FY2023: 126.1M Revenue, FY2024: 6.4B Gross profit, FY2024: 703.2M Net income, FY2024: 180.9M Revenue, FY2025: 7.6B Gross profit, FY2025: 813.1M Net income, FY2025: 274.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.00B $2.38B $2.94B $3.11B $3.49B $3.50B $4.42B $5.72B $6.37B $7.57B
Gross profit $201.3M $278.4M $325.7M $330.9M $370.2M $416.7M $456.9M $587.5M $703.2M $813.1M
Net income $26.7M $72.4M $77.5M $82.3M $105.0M $115.7M $133.0M $126.1M $180.9M $274.9M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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